Pampa Energía (NYSE:PAM) Hits New 1-Year High - Here's What Happened

Pampa Energía S.A. (NYSE:PAM - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $69.00 and last traded at $68.58, with a volume of 36059 shares traded. The stock had previously closed at $67.66.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PAM. StockNews.com upgraded shares of Pampa Energía from a "hold" rating to a "buy" rating in a report on Monday, August 12th. Citigroup raised Pampa Energía from a "neutral" rating to a "buy" rating and raised their target price for the stock from $51.00 to $58.00 in a research report on Wednesday, July 3rd. Bank of America increased their price target on Pampa Energía from $62.00 to $72.00 and gave the stock a "buy" rating in a research note on Wednesday, September 11th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Pampa Energía from $47.00 to $55.00 and gave the company a "neutral" rating in a report on Wednesday, September 25th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $57.75.

Pampa Energía Price Performance

The company has a current ratio of 2.33, a quick ratio of 2.01 and a debt-to-equity ratio of 0.44. The firm has a market cap of $3.69 billion, a P/E ratio of 10.25 and a beta of 0.89. The stock's fifty day moving average is $58.67 and its two-hundred day moving average is $50.36.

Pampa Energía (NYSE:PAM - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $1.80 EPS for the quarter, beating the consensus estimate of $1.36 by $0.44. Pampa Energía had a net margin of 20.96% and a return on equity of 12.59%. The firm had revenue of $500.00 million during the quarter, compared to the consensus estimate of $479.17 million. As a group, research analysts anticipate that Pampa Energía S.A. will post 8.91 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Blue Trust Inc. lifted its holdings in shares of Pampa Energía by 158.1% during the 3rd quarter. Blue Trust Inc. now owns 413 shares of the utilities provider's stock worth $25,000 after acquiring an additional 253 shares during the last quarter. Claro Advisors LLC raised its position in Pampa Energía by 6.0% during the first quarter. Claro Advisors LLC now owns 5,075 shares of the utilities provider's stock valued at $219,000 after purchasing an additional 286 shares in the last quarter. GAMMA Investing LLC lifted its stake in Pampa Energía by 32.7% during the third quarter. GAMMA Investing LLC now owns 1,401 shares of the utilities provider's stock worth $84,000 after purchasing an additional 345 shares during the last quarter. Driehaus Capital Management LLC boosted its holdings in shares of Pampa Energía by 1.7% in the 2nd quarter. Driehaus Capital Management LLC now owns 23,308 shares of the utilities provider's stock worth $1,032,000 after purchasing an additional 398 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its position in shares of Pampa Energía by 26.6% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,501 shares of the utilities provider's stock valued at $150,000 after purchasing an additional 526 shares during the last quarter. 12.77% of the stock is currently owned by institutional investors.

About Pampa Energía

Pampa Energía SA operates as an integrated power company in Argentina. The company operates through Electricity Generation, Oil and Gas, Petrochemicals, and Holding and Other Business segments. It generates electricity through thermal plants, hydroelectric plants, and wind farms with a 5,332 megawatt (MW) installed capacity.